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Petrol price set to drop

The retail price of petrol will decrease by 3.7 percent from August 5, while wholesale diesel will decrease 6.5 percent, the energy department said on Friday.

In a statement, the department said petrol would cost R13.26 in the commercial hub of Gauteng province, while diesel would be R10.94.

The government adjusts the price of fuel every month, factoring in global oil prices and the rand exchange rate.

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